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Published 1 month ago

Why the owner of the NBA’s Timberwolves can make $1 billion more now that his sale to A-Rod has ‘expired’

Summary by Ground News

Alex Rodriguez and Marc Lore say they will be the next owners of the Minnesota Timberwolves. Glen Taylor said they missed a March 27 deadline to close on the deal and that the team was no longer being sold. Lore and Rodriguez reached an agreement with Taylor in 2021 to buy the Timberwolves in four parts, starting with 20% at a $1.5 billion valuation.

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Why the owner of the NBA’s Timberwolves can make $1 billion more now that his sale to A-Rod has ‘expired’

In 2021, Glen Taylor agreed to sell the Minnesota franchise for $1.5 billion. The team is now likely worth at least $2.5 billion.

1 month ago·United States

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A-Rod, Lore Say They’re ‘Going to Be’ the Next Timberwolves Owners

Alex Rodriguez and Marc Lore said they have an "ironclad" deal to buy the Timberwolves, and say Glen Taylor fabricated details to try and kill it.

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